BSE Metal Index advanced 11 percent in the last month amid expectations of rise in demand in domestic markets going forward

CLSA maintained a buy rating on Bharti Airtel with a target price of Rs 1100. Strong data subscriber additions. Postpaid subscriber acceleration is seen. The company has shown commendable market share gains.

Stocks that were in focus included names like Coal India, which rose 6.92%, APL Apollo, which fell 3.93%, and Tata Consumer, whose shares declined 2.27% on Thursday.

Sharekhan is bullish on APL Apollo Tubes has recommended buy rating on the stock with a target price of Rs 2000 in its research report dated September 01, 2023.

The promoters are looking to sell stake worth around Rs 303 crore with a possibility of increasing the sale by another Rs 116 crore under the greenshoe option, as per a report by CNBC-TV18.

Stocks that were in focus include names like GMR Airport Infrastructure, which was up more than 9% to hit a fresh 52-week high, APL Apollo Tubes, which rose more than 4%, and MTAR Technologies, which closed with gains of nearly 4% to a fresh high on Thursday.

Axis Securities is bullish on APL Apollo Tubes has recommended buy rating on the stock with a target price of Rs 1630 in its research report dated August 08 2023.

Sharekhan is bullish on APL Apollo Tubes has recommended buy rating on the stock with a target price of Rs 1720 in its research report dated August 07, 2023.

Motilal Oswal is bullish on APL Apollo Tubes recommended buy rating on the stock with a target price of Rs 1715 in its research report dated August 07, 2023.

ICICI Securities is bullish on APL Apollo Tubes recommended buy rating on the stock with a target price of Rs 1740 in its research report dated August 08, 2023.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 41096.27 Crore) operating in Metals - Ferrous sector.

The BSE Metal Index witnessed a momentous surge today on August 1 as five prominent metal stocks, namely APL Apollo Tubes, Jindal Steel & Power, JSW Steel, National Aluminium, and SAIL, soared to their respective new 52-week highs.

BSE SmallCap index witnessed a remarkable rally today, with several prominent stocks achieving new 52-week highs, showcasing the strong growth potential of these companies in the current market

The data was sourced from BSE at 1.20 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Several BSE 200 stocks, including APL Apollo Tubes, Canara Bank, Dr Reddy's Laboratories, HDFC AMC, ITC, Oberoi Realty, PNB, and Polycab, reached new 52-week highs on July 20, 2023, indicating investor confidence and resilience in the face of market fluctuations. However, the data only pertains to the time at which it was taken and updates from real-time data may come with a lag.

Sharekhan is bullish on APL Apollo Tubes has recommended buy rating on the stock with a target price of Rs 1560 in its research report dated July 14, 2023.

In Q1FY24, the company registered a 56 percent growth in sales volume year-on-year to 661,505 ton.

Sector-wise, Nifty Auto surged 0.76% and Nifty Financial Services rose 0.56%. Banks, FMCG, pharma, realty, consumer durables, and healthcare sectors also opened with gains. In the broader market, Nifty Midcap 100 rose 0.43%, and Nifty Smallcap 100 gained 0.39%.

The Golden Crossover is a technical signal generated when the short-term moving average (such as the 50-day simple moving average) crosses above the long-term moving average (such as the 200-day simple moving average). This event signifies a shift in investor sentiment, indicating a potential bullish trend reversal or the beginning of a new upward movement.

The Golden Crossover is a technical chart pattern used by traders and investors to assess stock movement. It occurs when a shorter-term moving average crosses above a longer-term moving average, creating a bullish signal. This pattern helps identify potential trend reversals and entry points for investors, and provides confirmation for long-term investors. Ten stocks that have experienced the Golden Crossover, including 3M India Ltd, ABB India Ltd, and Hero MotoCorp Ltd, have been highlighted by Trendlyne. However, it is important to note that the current market price may differ slightly from the closing price on Trendlyne.